Category: Economics Current Affairs

UN Democracy Fund: The UN Democracy Fund extended support for NGOs funded by George Soros, who is on a watchlist in India. The UNDEF was established in 2005 with an initial contribution of $10 million each from the United States and India. In 2005, India’s then PM, Manmohan Singh, and US President George W. Bush […]

REITs And InvITs Index: NSE Indices Ltd, a subsidiary of the National Stock Exchange (NSE), launched India’s first-ever Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) Index The new index aims to track the performance of REITs and InvITs that are publicly listed and traded on the NSE. The index will be reviewed […]

State Development Loans: Four states raised Rs 5,800 crore through state development loans (SDL) auction — about one-fourth of the amount 15 state governments intended to raise in the upcoming days. State Development Loans are dated securities issued by states for meeting their market borrowings requirements. Purpose is to meet the budgetary needs of state […]

Cost Inflation Index : Current Fiscal Year The Income Tax Department has notified the Cost Inflation Index for the current fiscal beginning April 2023. The Cost Inflation Index number for the current fiscal year 2023-24 is 348 as per a notification of the Central Board of Direct Taxes (CBDT). Cost Inflation Index is notified under […]

Earth4All Initiative: Earth4All Initiative predicted the world’s human population Findings: The researchers advance two scenarios: Too Little, Too Late: predicts that if economic development continues as it has in the last five decades, the world’s population would peak at 8.6 billion in 2050, and decline to 7 billion by 2100. The Giant Leap: the researchers […]

Centralised Web Portal : RBI The Reserve Bank of India (RBI) has announced that it will launch a web portal to help beneficiaries retrieve unclaimed deposits. The portal will allow users to search for unclaimed deposits across multiple banks, using AI tools to enhance the search results. The portal will be password-protected, and only claimants […]

India’s Economic Growth Rate Forecast : World Bank The World Bank has released a report titled “South Asia Economic Focus: Expanding Opportunities: Toward Inclusive Growth,” which provides an economic forecast for India, Sri Lanka, and Pakistan. Major Highlights of the World Bank Report: India’s growth rate has been downgraded to 6.3% for FY 2023-24 ,and […]

Foreign Trade Policy 2023: The Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles has launched the Foreign Trade Policy 2023. The Key Approach to the Foreign Trade Policy is based on 4 pillars: Incentive to Remission, Export promotion through collaboration – Exporters, States, Districts, Indian Missions, Ease of doing […]

Diamond Jubilee Celebrations Of The Central Bureau of Investigation (CBI): Prime Minister Narendra Modi to inaugurate the Diamond Jubilee Celebrations of the Central Bureau of Investigation (CBI). Central Bureau of Investigation (CBI) was established as the Special Police Establishment in 194. Objective is to investigate cases of corruption in procurement during the Second World War. […]

Mahila Samman Savings Certificate 2023: Mahila Samman Savings Certificate (MSSC) 2023 has been notified. It is a one-time small savings scheme for women to commemorate celebrations of 75 years of Independence. It will be made available for a two-year period up to March 2025. It will be under the Ministry of Women and Child Development. […]